The CSR initiatives spanned education, employability, women’s empowerment, and clean water access, with a focus on marginalized communities, highlighting the company’s approach to integrating social and business goals.
NEW DELHI (India CSR): Trent Limited, adhering to its CSR Policy rooted in Tata Group’s philosophy of public good, spent Rs. 4.12 crore during the financial year 2023-24 on various Corporate Social Responsibility (CSR) initiatives. These initiatives spanned education, employability, women’s entrepreneurship, and community development, with a special focus on marginalized social groups. The spending aligns with the statutory requirements under Section 135 of the Companies Act, 2013.
1. CSR Policy and Objectives
Trent Limited’s CSR Policy integrates the company’s core values with its responsibility to create long-term value for communities. Inspired by JRD Tata’s vision, “The community is not just another stakeholder in business, but the very purpose of its existence,” the company’s CSR initiatives aim to address key areas of concern, including:
- Access to education and skill-building for youth and women.
- Creating entrepreneurship opportunities, particularly for marginalized groups, including Scheduled Castes and Scheduled Tribes (SC/ST).
- Providing clean water access through sustainable drinking water supply models.
An Affirmative Action filter is applied to all CSR programs to empower SC/ST communities by improving access to education and livelihood opportunities.
Trent Limited’s CSR initiatives focus on several key areas, including education and skill-building for youth and women. The company also strives to create entrepreneurship opportunities, especially for marginalized groups like the Scheduled Castes and Scheduled Tribes (SC/ST). Another important aspect of their CSR efforts is providing access to clean water through sustainable drinking water supply models. All of their programs prioritize an Affirmative Action filter, aiming to empower SC/ST communities by improving their access to education and livelihood opportunities.
2. CSR Spending and Obligations
Average Net Profit: ₹203.00 crore (as per Section 135(5))
2% of Average Net Profit: ₹4.06 crore
Total CSR Spending in FY 2023-24: ₹4.12 crore
Amount spent on CSR projects: ₹3.92 crore
Administrative overheads: ₹0.20 crore
There was no unspent CSR amount for the financial year. No capital assets were created or acquired through the CSR spending, and no surplus from previous projects was carried forward.
Here is the table summarizing the CSR financial details:
| Average Net Profit (as per Section 135(5)) | 203.00 |
| 2% of Average Net Profit | 4.06 |
| Total CSR Spending in FY 2023-24 | 4.12 |
| Amount spent on CSR projects | 3.92 |
| Administrative overheads | 0.20 |
3. Key CSR Initiatives in FY 2023-24
Education and Employability Programs
Skills@School Programme
Beneficiaries: 563 students from government-aided schools in Mumbai and Pune.
Focus: Livelihood skill-building for Class 9 students to prepare them for employment.
4. Project Nanhi Kali
Beneficiaries: 300 young girls.
Focus: Additional coaching in Math, Science, and English to ensure continued education.
Karta Initiative
Beneficiaries: 25 college-going students from underprivileged communities.
Focus: Supporting higher education to uplift families from poverty.
Women’s Entrepreneurship
The Kaarigar Clinic
Trained 225 women in weaving and creating products from recycled materials.
Business skills training in branding, packaging, and financial literacy.
Result: 40% increase in average monthly incomes.
Community Development
Collaboration with Collectives for Integrated Livelihood Initiatives (CInI):
Developed sustainable water supply systems for 37,000 households, benefiting 1,75,000 individuals across 150 villages in Gujarat.
Desilting and repair of water structures in Dahod villages, benefiting 7,600 families.
Employee Volunteering
Trent employees actively participated in community development through Tata Volunteering Week.
Number of Employees Participated: 17,000+
Hours Contributed: 76,500+
Key activities included supporting CSR projects and local social initiatives.
CSR Governance and Oversight
The CSR & Sustainability (CSR&S) Committee of Trent Limited comprises:
Mr. Noel N. Tata (Chairman; Non-Independent Non-Executive)
Mr. Bhaskar Bhat (Member; Non-Independent Non-Executive)
Ms. Hema Ravichandar (Member; Independent Non-Executive)
The committee held four meetings during FY 2023-24, with 100% attendance by all members.
(Copyright@IndiaCSR)
